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20121031
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CNBC 23
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CNBC
Oct 17, 2012 3:00pm EDT
got a tough crowd with us today here. >> we really do. in terms of this market here, what do you want to do in the face of all of this? do you want to put money to work or sit on the sidelines going into year end? >> you can't put money on the sidelines. what are you going to do, buy a treasury bond and get killed? you have to put money to work and put it in those things the government cannot create by fiat. that's hard assets. >> okay. keith, what are you buying here? >> you've got to buy yield here. you can buy some hard assets, but we're in a deflationary environment. we don't see inflation -- >> don't go to the grocery store. >> assets are being destroyed faster than the government can inflate with. you have to buy yield. you can find good yield. there's plenty of places if you don't need all the risk of the market. it's what we do for our clients. we have to remember, we're in a deflationary environment for a couple more years. that's why we're not seeing any inflation. >> look, can i say something? look -- i hate to interrupt. >> you did. >> i know, but that's kind of how i do t
CNBC
Oct 8, 2012 3:00pm EDT
professor and senior fellow at brookings, which authored that very study. also with us are savita from merrill lynch. very strong language in the report, global economic recovery hits the ropes but you do make the point that the u.s. certainly looks better than everyone else. so, the key question is, can the u.s. avoid catching the world's cold? >> that's a literal statement. the u.s. looks better than other xhis in the world but it's not a great spot to be in. with the amount of policy and political uncertainty, the u.s. -- even the u.s. recovery staying strong is certainly not a sure thing. they'll be buffeted by headwinds from abroad because china and india are not doing well. even u.s. has a rocky road ahead. >> you go through nearly every region of the world and talk about all the negatives in every part of the world. is there going to be a global recession? can you put a percentage on it? what's your estimate? >> well, right now it's political and policy uncertainty that's really the big story in virtually every economy. central banks around the world have put a floor on risk, an
CNBC
Oct 2, 2012 3:00pm EDT
is not hearing you either. >> rob, are you with us? all right. some technical issues here. rick santelli, jump in here. let's talk about what you're seeing in chicago. >> bill, i can hear you. i couldn't hear maria. >> i'm wondering if you're seeing the beneficiaries in fixed income today. >> i wish we were. i wish we were. normally when you see a drop in equities, yes. you see lower yields because people buy treasuries. but it isn't happening very much today. certainly we're at a lower yield than we settled yesterday and a basis point lower. in the end, the key is over the last five sessions, maria, we've close between 161 and 165 yield. we're going nowhere quickly here. i think the deterioration in stocks is just a little bit of white noise, maybe people listen to ben bernanke yesterday. it just didn't add up. i can't tell you what was going on. >> what didn't add up, rick? how about the milton friedman stock? i know you've been all over that all day, so i brought a quote for you, rick. >> uh-oh. >> i brought a quote. milton friedman in his own words. now, rick, i know what you said, that an
CNBC
Oct 24, 2012 3:00pm EDT
as well. joining us from the buttonwood gathering here in new york. gentlemen, good to see you all. greg, i guess no surprise, but how much of this is, you know, leaving things almost precisely as what they said and did in september? how much of that is their view of the economy, and how much of it is they want to stay out of the way, two weeks away from the election? >> i don't think this has to do with the election. i think it more has to do with the first part of what you said, that they haven't seen much change to their fundamental view. i want to point out two things that did not change that i think were noteworthy. they still describe the unemployment situation as elevated in spite of that surprise drop below 8% we saw last month. they also said inflation expectations are stable in spite of the fact that since their big announcement last month in the bond market expectations have risen. that's important because it tells me they have not seen anything in the improvement in the labor market or the rise in inflation expectations that would deter them from doing more. all eyes are on t
CNBC
Oct 26, 2012 3:00pm EDT
and election and on and on. here to help us in the closing bell exchange, stephanie link and steve leesman and peter sh ii shiff will join us as well. >> 2 3rs% is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. the consumer seems to be hanging in there. the negatives seem to be a big part of it was defense spending, 0.7 of the 2% was defense spending, although that was a pay back for 3/4 of declines we've had. this needs to turn around to have a good recovery and have this economy firing on all cylinders, that's not been the case and business seems to be holding back. >> stephanie, you're blaming the uncertainty over the election, right? you say that's holding back decision-making and holding back hiring plans putting money to work? >> from the investor point of view the market does not like uncertainty. with this election being so close, i think there is definitely money on the sidelines and at least once we get an answer there, we can start to put the pieces to the puzzle on the fiscal cliff together and get a little mo
CNBC
Oct 4, 2012 3:00pm EDT
this is a romney rally is a bit of a misnomer. if it were based on u.s. domestic economic policy expectations, small cap stocks, which are dependent upon domestic revenue growth, are not showing that. they're not outperforming larger cap stocks. that's number one. number two, when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made
CNBC
Oct 3, 2012 3:00pm EDT
bank of america down. >> by the way, happy birthday, t.a.r.p. from all of us here at the "street signs" team. yes. >> are you going to have your cake and eat it too? >> i am. bye-bye. >> thanks for watching "street signs." see you tomorrow. >>> hi, everybody. welcome to the "closing bell." we enter the final stretch. i'm maria bartiromo at the new york stock exchange. a close one here in the home stretch. the dow industrial is really flat, bill. hewlett packard the big story on the session today. >> we'll get to that in a little bit. i'm bill griffeth. the wild card has been hp, getting hit, weighing down the dow. the stock now at a nine-year low. the big drop coming after ceo meg whitman delivered a low profit forecast. it's now down 30% since meg took over as ceo a year ago in september. so it's not been a very good performer, to say the least. >> been very, very tough. in fact, this, bill, is one of the leading market value losers in all technology for 2012. going to get reaction to the hp news today later on in the program. first, let's look at where we stand. the dow jones i
CNBC
Oct 29, 2012 3:00pm EDT
. todd gross is here with us at battery park city, we have mary thompson from the port of baltimore, brian shactman is on long island. kayla tauche in cape may, new jersey, and we will be navigating the carnage for the next two hours. it is expected to pick up in severity in that time frame. let's start with the big picture from todd gross. todd, where is hurricane sandy although this moment. tell us what comes next. >> less than 100 miles to the southeast of atlantic city. in fact, breaking news for you. the storm is accelerating to the point it's likely to cross the new jersey shoreline by 7:00 tonight. if it does so, it means we may get rid of it a little earlier. it also means the impact will be that much greater. the storm about to slam in from the east into new jersey. this is a really curious storm. i'll explain why. the latest 940 millibars. what does that mean? it means it's a deep storm. if it transitions to a nontropical system, a nonl hurrica nonhurricane, it will be classified as the strongest nonhurricane ever to strike the united states. so far it's maintained enough
CNBC
Oct 31, 2012 3:00pm EDT
and associates from the nymex a few blocks away in lower man hat the tan and steven rosen from stock gen joins us from manhattan and bob pisani as well. steven guilfoil what an achievement to get things going, uphill battle. >> most of us have problems in our own neighborhoods, had to commute in, most of us had to drive in, maybe walk a great distance, but i'd say 80% to 90% of us are here and surprisingly the liquidity is here. the volume is about where it's supposed to be. >> john, what about the nymex one of the areas in the eye of the storm. what has it been like in terms of getting business back on track? >> we have problems with phones today and it was just the floor was probably about half full. it was just really a logistic nightmare just getting here. i live down in the jersey shore so just getting up here was quite a chore. you get back to the customers and towards the latter part of the trading day you saw a pickup a little bit. >> we want to get to breaking news, stand by, everybody, tyler ma mathison at the news desk. >> for people who travel into and out of new york city mayor bloom
CNBC
Oct 15, 2012 3:00pm EDT
investing. we're talking classic cars, under 100 grand what you can buy today. >> thank you for joining us today on "street signs." "closing bell" is next. >>> happy monday to you. welcome to "closing bell." i'm maria bartiromo at the new york stock exchange. here's something you don't see often on monday. market trading high. love this rally. >> although we are off the highs right now. we'll see what happens. >> and volume is okay. >> i'm bill griffin. you can think strong earnings. citigroup helped lift wall street this morning. we have a deluge of big names to report, goldman sanctions, ibm, google, just to name three. will earnings surprise us and carry this market higher? we'll get into that but first a look at averages. the dow was up about 100 points at the high of the session. we're up 75 now at 13,404. the nasdaq, which has been the laggard recently, up a quarter of a percent at 3ishgs 052 after the stutter stup opening this morning. the s&p is up 1435. >> it is a big week for earnings. they're kicking into high gear this week. certainly in terms of banks. we have the results from
CNBC
Oct 25, 2012 3:00pm EDT
fitch was coming out with a downgrade of the u.s. they've denied that. we get ready for amazon's and apple's earnings that will be out after the close. right now at 2986 on the nasdaq. the s&p is up 2 3/4 points app 1411. so what's the market looking for? we had some good economic news this morning. earnings mostly positive, though we can't seem to get a rally going. >> in today's "closing bell exchange," je ngentlemen, good have you on the program. jim, let me kick this off with you. talk to us about what you're seeing in terms of the backdrop earnings as well as economic data and how they fit into in terms of the valuation of this market here. what do you want to be doing? >> we're long-term investors, and we're fairly optimistic that this thing's going unfold fairly well. right now we're kind of held in the cross currents of earnings reports and the anticipated election, the uncertainty that goes with that. we think once we get over the election hump that the market's going to look a lot better and then -- >> this is jim moffitt speaking, right? >> yes. >> so you're optimist
CNBC
Oct 12, 2012 3:00pm EDT
for watching "street signs," everybody. use the lock feature on top of your phone. save your city or county some money, please. that's one to grow on. >> little tip. "closing bell" is next. >>> welcome to the "closing bell." i'm michelle caruso-cabrera in for maria bort rartiromo. it's going to be a close one, folks. >> up a little bit right now. i'm bill griffeth with my lock feature on my phone right now, as a matter of fact. nasdaq under pressure. could be set for a six-day losing streak. earnings out of jpmorgan chase this morning and wells fargo especially doing little to lift this market. both stocks under pressure today as are all the bank stocks as we head into the home stretch here. speaking of wells fargo, don't miss our first on cnbc interview with chief financial officer timothy sloan. we'll get his take on the earnings and his thought of the state of the consumer, whether the housing market will come back. we'll also ask him about legal challenges facing that bank that came out just this week. but first, here's how we stand right now. this trading pattern chart will look famili
CNBC
Oct 23, 2012 3:00pm EDT
're talking about. gentlemen, good to have you on with us. thanks so much for joining us. vadeen, you're the chief market strategist there. when you see a market down 200 points, what do you want to do? >> i think you want to first understand why it's down, what the character of the underperformance is. if you look at the stocks today, it's very pronounced. most of the big winners from the last two months are down. a lot of the big losers are outperforming today. this is a typical of a due risking rally. it's technical. it probably has less to do with a macro environment and much more to do with perception of risk and short-term issues. >> and peter, you've been among those. we've all talked about the disconnect the fundamentals and market performance, which seemed to be going higher because of fed policy. but you're pointing out now the fed can't help them right now, can they? >> right. the fed qe-3 in the middle of september was a sell on the news event because we were rallying for six weeks going into it beginning with the ecb. as i said before, central bankers put beer goggles on
CNBC
Oct 10, 2012 3:00pm EDT
of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base materials have been suffering as well today. >> yeah, that's absolutely true. you know, i think what's also interesting, if it is indeed a scary october, bill, remember, buy low. if you're a long-term investor, then any kind of dip after what has been a good run up to multiyear highs in this market might be your opportunity to get in at a better price. at this stage as well, in terms of the earnings season, which will unfold over the next two to three weeks here in the states, bill, the expectations for many companies are so low and have been driven lower that there is the potential here for upside surprises, which is somethi
CNBC
Oct 1, 2012 3:00pm EDT
for the coming quarter. a quarter that has historically been good for the bulls. with us today, todd of black bay grou group. paul shots of heritage market. and our own rick santelli. paul, i'm going to start with you because you make a bold statement. you feel right now ben bernanke is irrelevant. what do you mean in. >> bill, i think the fed's done the most part, they've laid all their cards on the table. if you're playing poker, they're all in. it's qe unlimited. if $40 billion is not enough, they'll go to $50 billion, $60 billion, $100 billion. each qe has had less of an impact. they're targeting the markets. we all know mortgage rates are at lows. the problem is people can't get mortgages. whether they go down another quarter point, it's not going to matter. the fed is all in. they're going to keep going until it doesn't work. the real solution is in congress. i thing k we all now our politicians aren't adults. it's not going to work. >> rick santelli, what do you think? >> which is why -- >> go ahead, maria. >> go ahead, maria. >> no, no, please. >> i told ltotally agree with p. he nailed i
CNBC
Oct 9, 2012 3:00pm EDT
.5 cubic feet. i don't know how much that is, but apparently it's larger than used to be and so are we. thanks for watching. >> "closing bell" coming up next. >>> hi, everybody. good afternoon. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. another tough day for stocks today. we have the s&p and nasdaq poised for a three-day losing streak. the dow on top for a two-day drop. >> how was the columbus day parade in new york city? >> it was spectacular. >> she's an institution in new york city at the fabled columbus day parade. she's the commentator on that every year. >> that's where i was yesterday. it was amazingly fun. >> always look forward to your description of the high school bands out there. i'm bill griffeth. today's selloff comes as investors gear up for what some say could be a tough earnings season. we'll know in about an hour when dow component alcoa reports its results after the bell. coming up, ceoklaus kleinfeld talks with maria about the global economy. we'll also be the first to have yum brand results coming
CNBC
Oct 11, 2012 3:00pm EDT
, i think it was a bit soft for sure. the post-auction, all the auctions being done really gave us a big rally afterwards. the best way to get a dugout filli ined with varying personalities is to pick a new manager. i think if we pick a new manager, that will lead into the fiscal cliff being changed in a way that won't give us the big hiccup in the market. i also agree with jim though. i think what could happen is if mitt wins, there's going to be a big rally. then there's going to be an interim period where thoughts of the fed are going to crop in, and i think it gives up a little ground. i think it's going to be a little bit of both. >> jim, i'm pretty skeptical. i know what romney has said about what he thinks the federal reserve is doing and what he said about ben bernanke. but have you ever met a politician who would resist the fed making their life easier? i mean, give me a break. it's just not in their nature. >> oh, there's no doubt that, you know, the hawkish name i was thinking of is john taylor being a name bantered about. he could also go with a glen hubbard. someone wh
CNBC
Oct 16, 2012 3:00pm EDT
'll take you there live. we'll also hear from the new ceo on that call. we'll have a lot more. stay with us. >>> he said the call to equity is done, but what about the banks after the citi shocker? and why are stocks rallying even in the face of pandit's stunning departure and bill gross' bearish call? pim koe's bill cross is here next. >>> plus, is this citi news a canary in a coal mine for the entire financial sector? that trade is ahead. >>> plus, more details from maria's personal conversation earlier today with vikram pandit. >>> and two titans of the tech world are ready to report earnings. what will intel and ibm tell us? we'll also hear from intel's chief financial officer just moments after the numbers are released. that's all ahead on the "closing bell." for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the
CNBC
Oct 19, 2012 3:00pm EDT
. mandy drury is with us. so is rick santelli. david, you say, first off, that the earnings haven't been all that bad. today -- >> until today. >> we're trading on earnings that have been not so good. >> 60% of companies are still beating earnings. expectations from portfolio managers like myself were very low going into the earnings reports. i think you'll begin to see when we see the fourth quarter and early 2013 that earnings growth will reaccelerate to the high single digit. that's probably the case for next year. in that type of backdrop where i give a double plus to valuation, you can still be a buyer in this market. >> you know, earnings, when you look at the earnings, it's not really the whole story. you can get to better than expected earnings a lot of ways. cutting expenses and changes things around. when you look at actual revenue growth, that's telling you market demand. revenue growth has been slow. >> revenue growth is punky, if that's the right phrase. where i think we're seeing better growth is in cash flow. particularly if you pay attention to company where is the cfo an
CNBC
Oct 30, 2012 3:00pm EDT
the darkness of the storm, i think we also saw what's brightest in america. i mean, i think all of us obviously have been shocked by the force of mother nature as we watch it on television. at the same time, we've also seen nurses at nyu hospital carrying fragile newborns to safety. we've seen incredibly brave firefighters in queens waist deep in water battling infernos and rescuing people in boats. one of my favorite stories is in north carolina. the coast guard going out to save a sinking ship. they sent a rescue swimmer out. the rescue swimmer said, hi, i'm dan. i understand you guys need a ride. you know, that kind of spirit of resilience and strength, but most importantly looking out for one another, that's why we always bounce back from these kinds of disasters. this is a tough time for a lot of people. millions of folks all across the eastern seaboard. but america's tougher. we're tougher because we pull together. we leave nobody behind. we make sure that we respond as a nation and remind ourselves that whenever an american is in need, all of us stand together to make sure that we're pro
CNBC
Oct 18, 2012 3:00pm EDT
. >> and donnelly told us they are in full investigation mode to figure out how it happened. crazy day. >> meanwhile, look at this market. we've got numbers right now. kayla is on it. what can you tell us on google? >> well, maria, we're seeing consolidated revenues of $14.1 billion for the quarter. they're calling it an increase of 45% compared to the same quarter a year ago. gap net income for the third quarter was $2.18 billion compared to $2.73 billion in the third quarter of last year. i think the most interesting part of this release -- of course, we've seen most of these numbers before several hours earlier, but the second paragraph in this release is now included with larry page, the ceo saying, when he a strong quarter, revenue was up 45% year on year and at just 14 years old we cleared our first $14 billion revenue quarter. page also saying he's really excited about the progress we're making creating a beautifully simple, intuitive google experience across all devices. that's the quote we've been waiting for all afternoon. we're going to be digging through this release. we're going to be c
CNBC
Oct 22, 2012 3:00pm EDT
for the markets? joining us with their perspectives on "closing bell" here today, danielle hughes and bob pisani will join us later by matthew lloyd. danny what do you make of the earnings so far? there have been high profile disappointments that have taken the wind out of the markets. >> there have. this week we have 155 companies reporting the in the s&p. it will be a crazy week. some of the companies that have reported like google down 11% since the beginning of this quarter. ibm down 8%, 3% for the year. intel down 6%. down 10% for the year and microsoft down 5% up only 4% for the year. >> you should mention technology. >> it's technology. you have facebook reporting down 13% for the quarter. down 50% since its ipo. you have apple down 5% for the quarter. up 55% for the year. >> these numbers are stunning really. when you look at what's going on in terms of earnings right now, is something slowing down a bit more within technology versus the other sectors or is this a global economy story? >> it's more of a global economy story. the big story is not only missing earnings but missing revenues
CNBC
Oct 5, 2012 3:00pm EDT
debt issues. mohammed, thanks for joining us. first, give us your take on the jobs numbers. >> thank you, bob. i think michelle was right overall, it's a good report in the sense that we created over 100,000 jobs. unemployment has come down and earnings are going up. but we're being helped by part-time employment and the structural issues are still there. so overall, it's a good report, but the market is right to question how good it can be sustained. of course, there's all the issues between the household survey and the establishment survey. >> what do you think about all those issues? they've led to a lot of conspiracy theories. we say the jobs numbers, and i think the average american thinks there's one jobs number, right? there's job growth. we find out what that number is. that is what leads to the unemployment number. but they're completely disconnected. we really see that today. jack welsh says there's a problem with the voracity of these numbers. >> i think what we're seeing is just a reality from month to month. over time they tend to converge. in any one month, you do get d
Search Results 0 to 22 of about 23